Treasury chiefs are furious at the move that more than wipes out the benefits of the scrapping of the car sales tax.
Assign your new Treasury chief the job of explaining the need for ending double taxation of dividends.
The dollar gained against most major currencies, particularly the British pound, which plunged after the country's Treasury chief resigned.
They could be of further use if Treasury chiefs are sent packing.
Morgenthau used his position as Treasury chief to investigate organized crime and government corruption.
The trip will not be the first time a Federal Reserve chairman and a Treasury chief have met together with their Chinese counterparts.
The Treasury chief spoke at a conference of international bankers and finance ministry officials.
But Treasury chiefs refused yesterday to rule out the backdoor tax rise.
But now the new Treasury chief is set to plunge in.
The Treasury chief signed off on the recent steps against China, however, according to administration officials.